San Francisco, Aug 30 (AP/UNB) — Authorities are searching for a Canadian woman and her daughter who were reported missing after arriving in California for a camping trip.
San Mateo County sheriff's spokeswoman Rosemerry Blankswade said 29-year-old Audrey Rodrigue and her 10-year-old daughter, Emily Rodrigue, were reported missing Monday.
Blankswade says they arrived at San Francisco International Airport Saturday, rented a car and spent the night at a hotel in Burlingame.
Audrey texted her boyfriend in Canada but he could not reach them later and reported them missing.
Blankswade says mother and daughter might have been spotted Tuesday at Six Rivers National Forest campground, 340 miles (550 kilometers) north of San Francisco. Staff and visitors told officials the people appeared happy.
Audrey Rodrigue's Facebook page says she lived in Montreal. Authorities did not immediately confirm that.
Washington, Aug 31 (AP/UNB) — President Donald Trump said Thursday that he respects Federal Reserve Chairman Jerome Powell but isn't a fan of the Fed's recent rate hikes.
Speaking about his decision to pick Powell to replace Janet Yellen earlier this year, Trump said, "I put a man in there who I like and respect." But he also said, "we are not being accommodated" by the Fed's string of rate hikes.
"I don't like that," Trump said in an interview with Bloomberg News.
Trump has previously complained that the Fed's rate hikes are hurting his efforts to boost economic growth and also driving up the value of the dollar, which hurts U.S. exports.
The president said that the central banks of other nations are helping their governments on the trade front but the Fed is not.
"That being said, I'm not sure the currency should be controlled by a politician," Trump said.
The president's remarks came after Treasury Secretary Steven Mnuchin on Tuesday praised Powell as a "phenomenal leader" at the Fed.
In an interview with CNBC, Mnuchin said he respects the Fed's independence and he believes Powell understands the need for economic growth and will therefore be careful in implementing monetary policy.
In a string of comments and tweets starting in late July, Trump has expressed his unhappiness with the Fed's rate hikes, saying they could threaten the stronger economic growth he is trying to achieve with his economic program of tax cuts and deregulation, saying in one interview he was "not thrilled" with the rate hikes.
Mnuchin said he meets with Powell on a weekly basis, continuing a long-standing practice of weekly discussions between Fed leaders and the Treasury secretary.
"I think he understands the issue of growth and he's carefully monitoring the growth numbers and the inflation numbers," Mnuchin said.
In a speech last week at the Fed's annual policy conference in Jackson Hole, Wyoming, Powell signaled that the Fed is still on track to keep raising interest rates at a gradual pace. The Fed has raised rates twice this year so far and signaled that it plans to hikes rates two more times in 2018.
Dhaka, Aug 31 (UNB) - President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America.
"If they don't shape up, I would withdraw from the WTO," Mr Trump said in an interview with Bloomberg News, reports BBC.
The WTO was established to provide rules for global trade and resolve disputes between countries.
But Mr Trump, who has been pushing protectionist policies, says the US is treated unfairly by the body.
He said on Thursday that the 1994 agreement to establish the WTO "was the single worst trade deal ever made", though he acknowledged that the US had won some judgments in the past year.
His warning about a possible US pull-out from the organisation highlights the conflict between the president's trade policies and the open trade system that the WTO oversees.
Meanwhile, Washington has recently been blocking the election of new judges to the WTO's dispute settlement system, which could potentially paralyse its ability to issue judgments.
US Trade Representative Robert Lighthizer has also accused the WTO of interfering with US sovereignty.
The US president has been sounding off about unfair trade since even before he became president.
Last year, Mr Trump told Fox News: "The WTO was set up to benefit everybody but us… We lose the lawsuits, almost all of the lawsuits in the WTO."
The US has been embroiled in a tit-for-tat trade battle on several fronts in recent months.
The one creating the most interest is the one with China, as the world's two largest economies wrangle for global influence.
Mr Trump has introduced tariffs on a number of goods imported into the US.
A third round of tariffs on $200bn (£154bn) of Chinese goods could come as soon as a public-comment period concludes next week, according to a Bloomberg report citing various sources.
Asked to confirm this during the Bloomberg interview, President Trump said that it was "not totally wrong".
China has responded to US tariffs by imposing retaliatory taxes on the same value of US products and has filed complaints against the tariffs at the WTO.
China's commerce ministry has said it "clearly suspects" the US of violating WTO rules.
An initial complaint at the WTO was filed by China in July after Mr Trump imposed his first round of tariffs.
The WTO is at the heart of the system of rules for international trade.
It is the forum for sorting disputes between countries about breaches of global trade rules and it is the forum for negotiating new trade liberalisation.
Yes. On Monday Mr Trump announced that the US and Mexico had agreed to revamp the North American Free Trade Agreement (Nafta), calling it a "really good deal" that was "much more fair" for both countries.
He had previously threatened to pull out of the deal, triggering a year of talks, and demanded a renegotiation of the 1994 agreement - which he blames for a decline in US manufacturing jobs, especially in the car industry.
Canada, the third member of Nafta, is yet to agree to the new terms.
On Thursday, Mr Lighthizer held talks in Washington with Canadian Foreign Minister Chrystia Freeland aimed at reaching a new deal.
Following four separate meetings, which continued late into the night, Ms Freeland told reporters that a deal could not be reached, adding that talks would resume on Friday.
Mr Trump has set Friday as the deadline for Canada to sign an agreement, and has threatened to tax the country's automotive sector or cut it out entirely.
Mount Holly, Aug 31 (AP/UNB) — A couple who raised more than $400,000 for a homeless man after he used his last $20 to fill up the gas tank of a stranded motorist in Philadelphia must now turn over what's left of the cash.
A New Jersey judge issued the order Thursday during a hearing on the lawsuit brought by Johnny Bobbitt , who worries Mark D'Amico and Katie McClure have mismanaged a large part of the donations raised for him on GoFundMe.
The couple deny those claims, saying they're wary of giving Bobbitt large sums because they fear he would buy drugs.
The judge ordered the couple to transfer the money into an escrow account by the end of business Friday and hire a forensic accountant to review the financial records within 10 days.
The money will be transferred to an account controlled by Bobbitt's lawyers but can't be used until the judge determines how it will be managed. The judge didn't appoint a guardian to oversee the fund, but one could be appointed later.
McClure set up the online fundraiser page as a way to give back to Bobbitt, who came to her aid when she ran out of gas on an Interstate 95 exit ramp late one night. It raised more than $400,000 in funds donated by more than 14,000 people.
Bobbitt walked a few blocks to buy McClure gas. She didn't have money to repay him at the time, but sought him out days later to give him the money, and visited him a few more times to bring food and water. They later appeared on shows like "Good Morning America" and were interviewed by the BBC.
But the relationship has gone sour.
McClure and D'Amico have repeatedly denied any wrongdoing or misusing any of the money. D'Amico has said Bobbitt spent $25,000 in less than two weeks in December on drugs, in addition to paying overdue legal bills and sending money to his family.
The couple also bought Bobbitt a camper with some of the funds and parked it on land McClure's family owns in Florence. But Bobbitt became homeless again after D'Amico told him in June that he had to leave the property.
During an appearance Monday on NBC's "Megyn Kelly Today" show, D'Amico told Kelly there was well over $150,000 left of the donations.
Buenos Aires, Aug 30 (AP/UNB) — President Mauricio Macri asked the International Monetary Fund on Wednesday for an early release of funds from a $50 billion deal with the IMF to ease concerns that Argentina will not be able to meet its debt obligations for 2019.
Macri said in a televised address that Argentina has agreed with the IMF "to advance all necessary funds to guarantee compliance with next year's financial program."
Macri said that in the past week there have been "expressions of a lack of trust in the markets" about Argentina. He said the decision seeks to dispel any uncertainty, but he did not specify the amount or when the funds will be released.
Argentina was forced to strike a deal with the IMF earlier this year after a sharp depreciation of its currency and a run on the peso. The three year stand-by financing deal is aimed at strengthening the South American country's weak economy and helping it fight inflation, which at 30 percent per year, is one of the highest in the world.
The Argentine currency fell again Wednesday to close at an all-time low of 34.2 pesos per U.S. dollar.
The IMF said in a statement that it will "revise the government's economic plan with a focus on better insulating Argentina from the recent shifts in global financial markets, including through stronger monetary and fiscal policies and a deepening of efforts to support the most vulnerable in society."
Most Argentines have bad memories of the IMF and blame the international lending institution for encouraging policies that led to the country's worst economic crisis in 2001. The crisis 17 years ago resulted in one of every five Argentines being unemployed, millions sliding into poverty and some reporting going hungry.
The international lender has admitted that it had a made a string of mistakes that contributed to Argentina's economic implosion. A 2004 report by the IMF's internal audit unit concluded it failed to provide enough oversight, overestimated growth and the success of economic reforms, while it continued to lend Argentina money when its debt burden had turned unsustainable.